Hyundai Capital raises $1 bil. in global bond sale

Hyundai Capital Services' headquarters in Seoul is seen in this undated file photo. Courtesy of Hyundai Capital Services

Hyundai Capital Services, Korea's leading auto finance company, said Tuesday it has raised $1 billion by selling global bonds.

Hyundai Capital sold $500 million worth of three-year debts in one tranche and $500 million worth of bonds in another tranche with a five-year maturity, the company said.

The coupon for the three-year bonds was set at 110 basis points above the three-year U.S. Treasurys, while that of the five-year debts was set at 120 basis points above the five-year U.S. government bonds, it said. (Yonhap)